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Warren Buffett Shuns Stocks And Hoards Cash (#GotBitcoin?)
Buffett Steers Clear of Buying Stocks. Warren Buffett Shuns Stocks And Hoards Cash (#GotBitcoin?) With stocks at record highs, Berkshire Hathaway Inc. sold $1 billion more worth of stocks than it bought last quarter, its biggest net selling since the end of 2017. Berkshire’s total return has trailed the S&P…
The S&P 500 Suffered Its Worst Week of 2019 — And Its Not Finished Falling (#GotBitcoin?)
Investors entered the week hoping for a repeat of the 1990s. Instead, they might get a rerun of That ’70s Show. The S&P 500 Suffered Its Worst Week of 2019 — And Its Not Finished Falling (#GotBitcoin?) This past week began with the market expecting a quarter-point rate cut from…
Poll: If You’re A Stockowner Or Crypto-Currency Holder. What Will You Do When The Recession Comes?
What Will Bitcoin Do In A Recession? The answer to this question depends on the type of recession as well as the conditions that caused it, as Dan McArdle of Messari pointed out. The two largest depressions in US history were deflationary, and a light-to-moderate recession is likely if history is telling.…
Boy Scouts Weighs Bankruptcy Due To Sex-Abuse Allegations (#GotBitcoin)
Boy Scouts Meet At A Time of Crisis.Boy Scouts Weighs Bankruptcy Due To Sex-Abuse Allegations (#GotBitcoin) U.S. youth group co-hosts international jamboree while facing bankruptcy. Tens of thousands of scouts from more than 150 countries marched across a campsite here, chanting in their native languages. Some American boys and girls…
Trumponomics Results In Lowe’s Laying Off Thousands of Workers (#GotBitcoin?)
Home-improvement chain will outsource maintenance, assembly jobs as retailers scrutinize labor costs. Trumponomics Results In Lowe’s Laying Off Thousands of Workers (#GotBitcoin?) Lowe’s Cos. told thousands of store workers this week their jobs were being eliminated as the company outsourced tasks such as assembling barbecue grills and janitorial services. The…
Macro Factors Creating ‘Perfect Storm’ To Drive Up Bitcoin Price: Report (#GotBitcoin?)
Digital asset research firm Delphi Digital says that the macroeconomic landscape is creating the “perfect storm” to ignite Bitcoin price appreciation. Macro Factors Creating ‘Perfect Storm’ To Drive Up Bitcoin Price: Report (#GotBitcoin?) Monetary Easing, Crypto Peaking In a fresh report cited by Forbes on August 1, the researchers isolate…
Families Go Deep In Debt To Stay In the Middle Class (#GotBitcoin?)
Wages stalled but costs haven’t, so people increasingly rent or finance what their parents might have owned outright. Families Go Deep In Debt To Stay In the Middle Class (#GotBitcoin?) The American middle class is falling deeper into debt to maintain a middle-class lifestyle. Cars, college, houses and medical care…
Crypto Exchange Launches ‘Shitcoin Futures Index,’ Offering New Way To Short Alts (#GotBitcoin)
Crypto derivatives platform FTX has perhaps the most speculative and oddly-named futures index fund on the market: SHIT-PERP, or the Shitcoin Index Perpetual Futures. Crypto Exchange Launches ‘Shitcoin Futures Index,’ Offering New Way to Short Alts (#GotBitcoin) An index of 58 low market cap coins, SHIT-PERP includes projects…
Developing Bitcoin’s Software Just Got A Bit More Trustless (#GotBitcoin?)
Like it or not, there’s a bit of trust involved in the process of setting up, or “compiling,” the software at the heart of bitcoin – but a recent code change could help. Developing Bitcoin’s Software Just Got A Bit More Trustless (#GotBitcoin?) Featuring container software Guix, code was recently…
Scarcity Is About To Kick In 85% of Total Supply Mined Leaving Only 3.15Mil. (#GotBitcoin)
Bitcoin (BTC) now has 85% of its supply in circulation as of August 1, leaving just 3.15 million new coins for the next 120 years. Scarcity Is About To Kick In 85% of Total Supply Mined Leaving Only 3.15Mil. (#GotBitcoin) Bitcoin Has A Total Fixed Supply Of 21 Million Units…
Crypto Exchange Gets Central Bank License In Middle East (#GotBitcoin?)
Bahrain-based cryptocurrency exchange Rain has become the Middle East’s first exchange to receive a regulatory license. Crypto Exchange Gets Central Bank License In Middle East (#GotBitcoin?) In a blog post from July 31, Rain confirmed it had received a Crypto-Asset Module (CRA) license from the Central Bank of Bahrain. The…
Fed Lowers Interest-Rate To Stimulate Sluggish Economy (#GotBitcoin?)
Global growth, trade uncertainty and low inflation forced turnabout after four rate increases last year. Fed Lowers Interest-Rate To Stimulate Sluggish Economy (#GotBitcoin?) The Federal Reserve reduced its benchmark interest rate by one quarter percentage point. That would mark just the fifth time in the past 25 years that the…